Economy

A former AMP Bank managing director has joined the Customer Owned Banking Association as its new chief executive.

Investment bank UBS has predicted that the RBA’s monetary setting will lag behind the global economy.

The ASX-listed real estate group has blamed the slowdown in the housing market and lending restrictions for its underwhelming performance.

The Reserve Bank of Australia has today announced the official cash rate for November, following its monthly board meeting.

In a shock move, the Reserve Bank of Australia has announced a change to the official cash rate.

The Reserve Bank of Australia has increased the cash rate for the first time in seven years. 

The contentious rate hikes that characterised the mortgage market in FY17 have made little difference to the mortgage profitability of Australia’s largest lenders.

The LMI provider continues to see its profits slide, but CEO Georgette Nicholas believes that the group’s third-quarter results were strong and reflected the group’s resilience.

The leading economist has pointed to auction clearance rates as an obvious indicator that the Sydney property market has turned.

Artificial intelligence is “not going to take our jobs immediately”, a leading futurist has said, suggesting that “human-level AI” will not become “general” for at least another 30 years